The recent surge in crypto prices across the board has proven to be extremely profitable for several traders. Among them is a Bitcoin (BTC) whale, who reaped in profits nearing $10 million yesterday. This trader capitalized on the 2.8% growth that BTC witnessed over the past 24 hours, which took the flagship cryptocurrency’s price from $61,760 to $63,447.
The BTC whale has since chosen to invest in meme tokens rather than altcoins. Interestingly, the whale chose an early stage meme token over established ones like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI). Widely considered as a rival of SHIB, BEFE seems to have caught the attention of crypto heavyweights like the BTC whale mentioned above.
BTC Whale Prefers SHIB Rival
Shiba Inu has been around for over three years and has accumulated a market capitalization of over $8 billion. Despite its impressive metrics, investors’ confidence in SHIB appears to be depleting. The Bitcoin whale’s decision to pick a rival meme token instead of the dog-themed SHIB is indicative of a shake up in the memecoin space.
The Blockchain Ecosystem for Everyone token, which debuted in November last year, has disrupted the memecoin space. Its unique selling propositions and strong fundamentals have caught the attention of crypto pundits, who believe that BEFE is a strong contender that could threaten its peers.
SHIB Threatened By New Memecoin?
Despite being a newcomer, the Blockchain Ecosystem for Everyone token has experienced rapid growth and laid claim to the highly competitive memecoin space. In just three months of its launch, this new token has managed to reach a market capitalization of over $40 million. On-chain data reveals that this meme token witnessed significant early adoption, which is indicative of investors’ confidence in the project.
The Blockchain Ecosystem for Everyone, which is backed by Bitgert, also enjoys the support of a vibrant and active community. The visionary team behind this token aims to bring back the glory days of memecoins. Armed with the world’s most recognizable meme as its mascot, this new memecoin is positioned to outperform rivals like SHIB in the next bull run.
Find Out More Here:
Website: befetoken.com
Telegram: t.me/befetoken
Twitter: twitter.com/befetoken
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